Biofuels Digest Indexâ„¢ leaps 2.97 percent to reach new 52-week high of 120.91 in Energy Bill afterglow

The Biofuels Digest Indexâ„¢, a basket of public biofuels stocks, rose 2.97 percent yesterday to a new 52-week high of 120.91 as investors celebrated the passage of the Energy Bill. Winners led losers 4 to 1 for the day.

Among diversified agribusiness, Archer-Daniels-Midland (ADM) leapt 2.99 percent to close at $41.38 while, among midcaps, Pacific Ethanol (PEIX) jumped 18.37 percent to close at $9.15. VeraSun Energy (VSE) and Aventine Renewables (AVR) were also up on the day, while US BioEnergy cropped 0.87 percent to close at $11.35. PEIX has increased its stock price more than 50 percent in the past month as it recovers from a series of 52-week lows recorded earlier in the fall.

Among small caps, Green Plains Renewable Energy (GPRE) was up 3.64 percent to $10.54 while Environmental Power (EPG) fell 4.87 percent to close at $4.6699.

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